Recent articles worth a read:
- September 2023 Investor News
Rent Increases are Cooling in Tampa Bay
Rent has risen only 4.3% year-over-year, a reduction from the pandemic when rents increased more than 25% amid heavy population growth. Read More…As Insurance Costs Rise, Property Owners Consider Self-Insurance
This scenario could create trouble for the property owner and their tenants whose belongings get wiped away.Read More…High Mortgage Rates Lead to New-Build Boom
Sales of existing homes slid 19% from last year, while new home sales soared 24%. Read More…Why Are Rents Still Sky-High?
In short: a significant increase in household formation as roommates have broken apart.Read More…Rising Condo Fees Cause Chaos in Tampa Bay’s RE Market
A new law requires condo buildings to conduct engineering studies & set aside money for structural repairs before 2025. Read More… - July 2023 Investor news
Tampa Bay Households Doubling Up as Housing Need Grows
Tampa had an average of about 1.6 “doubled up” families per unit with a deficit of 28,000 units. Lakeland’s rate was a bit higher, at 1.9 families per unit but a deficit of 7,000.Read More…Two Bankers Talk Getting Deals Done
Trey Korhn & Vince Chillura of Valley Bank review how to place debt in an increasingly uncertain lending environment. Read More…Tampa Residents May Need at Least $85k to Afford Rent
Tampeños who make $84,750.12 or less are considered “rent burdened,” meaning they spend at least 30% of their income on rent. Read More…Jeff Brandes Thinks He Can Solve Florida’s Housing Crisis
Former state senator Brandes wants local governments to address the issue through zoning changes.Read More…Looking to Sell Your Home for Cash? Read This First.
Cash home buyers like the “We Buy Ugly Houses” company offer a quick and convenient sale to homeowners. Read More… - February 2023 Investor News
Driven by Housing, January Inflation Higher than Expected
The consumer price index rose 6.5% year-over-year. Read More…Rent Growth Slowing, but Tampa Rising Faster Than US
According to Redfin, median rent prices were up 3.5% annually in Tampa vs. 2.5% nationwide.Read More…Housing Market Wakes From the Dead
Home buyers are making peace with higher mortgage rates, and sellers are cutting prices. Read More…Strategies for Multifamily Maintenance Retention
In a competitive labor market, Multifamily Executive offers these tips to retain maintenance staff.Read More…How Technology Will Impact Multifamily Living in 2023
Forbes predicts 3 changes to apartment living. Read More… - December 2022 Investor News
Apartment Investment Sales Grind to a Halt
NMHC Chief Economist Mark Obrinsky cited the higher cost of debt and equity, along with generalized economic uncertainty. Read More…4 Proposals to Redevelop St Petersburg’s Tropicana Field
The city released full proposals by four developers, including Sugar Hill and the Tampa Bay Rays.Read More…When Will the Housing Market Crash in Florida?
Using data from Redfin, Forbes analyzed which Florida cities have experienced the greatest disruption. Read More…Commercial, Multifamily Delinquencies Remain Low in Q3
The Mortgage Bankers Association quarterly report analyzes commercial & multifamily delinquency rates for 5 of the largest investor groups.Read More…How to Build a Wood Skyscraper
Vox interviews the developer of Ascent Milwaukee, the tallest mass timber building in the world. Read More… - September 2022 Investor News
Tampa Apartment Construction Pipeline Should Be Bursting
12,000 apartments on the way in metro Tampa translate to an inventory growth pace of only 4.4 percent. Read More…Biggest US Banks Scale Back on Property Lending as Rates Climb
The biggest US lenders have stiffened borrowing terms while issuing fewer new commercial property loans.Read More…As Rent and Demand for Apartments Rise, So Does Fraud
Property managers are seeing more lease applications that include false information and fraudulent documents. Read More…Would-Be Homeowners Turning to Rental Market as Purchasing Power Declines
The calculated average cost to own a home is now $839 more per month than renting.Read More…The Anti-Adam Neumann
Bill Smith is founder of the three-year-old, 600-person, membership-only flexible, furnished rental company Landing. Read More…